Budget Battles
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Trump Picks a New Attorney General Nominee After Gaetz Withdraws
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Musk and Ramaswamy Outline Plan to Slash Federal Workforce
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Trump Picks TV’s Dr. Oz to Run Medicare and Medicaid
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Johnson Signals Plan for Looming Shutdown Deadline
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Trump Announces Another Shocking Cabinet Choice: RFK Jr. for HHS
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Trump’s Stunning Staffing Picks Set Off Political Shockwaves
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Johnson Says This Could Be ‘Most Consequential Congress’ of Modern Times
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House GOP Lays Out Priorities for Next Congress
By Michael RaineyRepublicans in the House met behind closed doors Tuesday to lay out their priorities for the new Congress that starts in January, and their to-do list looks pretty familiar to anyone who’s been...
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Trump Plans to Eliminate EV Tax Credit: Report
By Michael RaineyThe transition team for President-elect Donald Trump is discussing plans to kill the tax credit for electric vehicles as part of a larger tax overhaul, Reuters reported Thursday. The tax credit,...
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Will Huge Deficits Weigh on GOP Plan to Slash Taxes?
By Michael RaineyAs Republicans prepare to forge a massive tax bill that could potentially pass via a party-line vote early next year, a crucial question hangs over their heads: How much larger are they willing to...
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Trump Wants Tax Cuts in a Hurry
By Michael RaineyRepublicans are reportedly scrambling to find ways to enact President-elect Donald Trump’s proposals for an extensive array of tax cuts when he returns to power, with an eye on giving the new...
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Trump Makes a MAGA Comeback
Donald Trump’s election to a second term in the White House cements an astonishing and historic political comeback, delivering supporters of his MAGA movement a profound sense of vindication while...
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Trump Threatens New Tariffs on Mexico in Final Day of Campaigning
A wild presidential campaign full of stunning twists and turns is culminating with one last day of furious campaigning before Tuesday’s final day of voting. Vice President Kamala Harris is focusing...
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Chart of the Day: About That IRS Money
By Michael RaineyThe Inflation Reduction Act of 2022 provided roughly $80 billion for the IRS over 10 years for the purpose of modernizing operations and boosting staff, with the ultimate goal of collecting more...
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At Incendiary NYC Rally, Trump Floats Another Tax Break
Former President Donald Trump’s Madison Square Garden MAGA rally Sunday touched off a firestorm of controversy and condemnation because of a series of crude, racist and misogynistic remarks by some...
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Trump’s Impossible Tax Cut
The New York Times today devotes a little over 1,100 words by reporter Andrew Duehren to examining a policy idea floated vaguely by former President Donald Trump: eliminating federal income taxes and...
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23 Nobel Laureates Call Harris’s Economic Plan ‘Vastly Superior’ to Trump’s
By Michael RaineyA group of Nobel Prize-winning economists released a letter Wednesday in which they expressed support for the policies proposed by Vice President Kamala Harris while warning that the policies of her...
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IRS Releases New Tax Brackets for 2025
By Michael RaineyThe IRS announced Tuesday that the standard deduction would increase by $800 for the 2025 tax year, rising to $30,000 for couples filing jointly. Single filers will see a $400 bump, to $15,000. The...
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Trump Says Congress Should Reconvene to Deliver More Disaster Relief
We’re down to the final two weeks of the presidential campaign and what was already one of the closest, most tumultuous races in U.S. history is getting even wilder. Former President Donald Trump on...
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Trump Says He’d Consider Eliminating Taxes on Cops, Military, Vets
By Michael RaineyContinuing in his quest to find taxes to eliminate for specific voting groups, former President Donald Trump said Friday that he would consider eliminating federal income taxes for first responders,...
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The Tax Gap Totaled Nearly $700 Billion in 2022, IRS Says
The Internal Revenue Service said Thursday that the tax gap — the difference between taxes owed and paid — was $696 billion as of 2022, the latest year analyzed. The agency projects that the total...
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Trump Rejects Tariff Criticism as Economists Warn About His Plans
Former President Donald Trump sparred with the editor-in-chief of Bloomberg News Tuesday during an interview focused largely on economic policy and tariffs. In an interview at the Economic Club of...